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Hometown Businesses INC

$96,000 PPP Loan in Merrill, Iowa

Loan Details

Loan Number
5955967006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$96,000
Current Approval
$96,000
Forgiveness Amount
$96,855
Forgiveness Date
Mar 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hometown Businesses INC
Address
101 Jackson St
City
Merrill
State
Iowa
ZIP Code
51038-5002
Business Type
Corporation
Industry (NAICS)
Retail Trade (446110)
Business Age
Existing or more than 2 years old
Jobs Reported
5
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
IA-04

Loan Use Breakdown

Payroll
$89,200
Rent
$4,800
Utilities
$1,000
Debt Interest
$1,000

Lender Information

Servicing Lender
American Bank, National Association
Originating Lender
American Bank, National Association

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